Following are key figures (in millions of Korean won) for Samsung (Samsung.com), which is a leading manufacturer

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Following are key figures (in millions of Korean won) for Samsung (Samsung.com), which is a leading manufacturer of consumer electronics products.

Required
1. Use these data and those from BTN 6-2 to compute (a) inventory turnover and (b) days' sales in inventory for the most recent two years shown for Samsung, Apple, and Microsoft.
2. Comment on and interpret your findings from part 1.

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Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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Question Posted: Mar 24, 2017 01:06 AM

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Following are key figures (in millions of Korean won) for Samsung (Samsung.com), which is a leading manufacturer

Question:

In millions One Year Prior Current Year \ 18,811,794 123,482,118 Two Years Prior \ 19,134,868 37,696,309 \ 17,317,504 128,278,800 Cost of sales

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1 Inventory turnover Cost of sales Average inventory Current year X Samsung in millions of K...View the full answer

Fundamental Accounting Principles

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